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Peter De Savary has dropped the price of his mini stately from £11m to £8.5m (Adrian Sherratt)

De Savary drops price

Another summer, another price cut for Peter De Savary. The multimillionaire businessman and America’s Cup sailor has had no luck selling his mini stately in the Cotswolds. He first put it on the market in May last year for £11m, before dropping the asking price to £9m five months later.

Manor Hall, between Cirencester and Cheltenham, has failed to attract a buyer, so De Savary, 67, has now lowered the price to £8.5m. He bought the 10-bedroom property for £3.5m in 1999 and restored the Grade II*-listed, 12,800 sq ft main house and expanded the land by 55 acres, bringing it up to a total of 124 acres.